It has been nearly three years since the collapse in global oil prices and there have been mixed outcomes for countries in the Middle East and North Africa (MENA). While some countries (which had already initiated reforms) benefited from the low oil price, in others it triggered a spate of pricing reforms following fiscal crises. Although there is now an unequivocal consensus over the necessity for these reforms, their manner and pace of implementation thus far has evoked fresh debates over their long-term sustainability and ensuing impact on the region’s rigid economic and social structures. This issue of the Oxford Energy Forum is devoted to exploring the overarching questions and assessing country-specific experience related to energy pricing reforms in the MENA. The publication is available to download from the website of the Oxford Energy Forum.
Disaster Risk Management and Fiscal Policy: Narratives, Tools and Evidence Associated with Assessing Fiscal Risk and Building Resilience (World Bank)
July 14, 2016